Bitcoin ETF: US SEC Ready to Rule in late October 2018 on Crypto Market

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The U.S. SEC just filed amendments on proposed rule changes on nine Bitcoin ETF proposals. This will affect two Granite Bitcoin ETFs, including the GraniteShares Short Bitcoin ETF and the GraniteShaes Bitcoin ETF.  It will also impact ETFs proposed by Direxion and ProShares. In August 2018, the SEC denied all ETFs The US SEC cited … Continue reading “Bitcoin ETF: US SEC Ready to Rule in late October 2018 on Crypto Market”

Cryptocurrency Markets see Momentum, as SEC Promises Review

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All may not be lost for cryptocurrency ETFs. Sure, the US SEC may have jolted the market with more delays But that was to be expected.  Remember, the U.S. SEC can’t just approve the cryptocurrency ETFs because they feel like it.  Or because traders are begging and pleading for it. The government agency has to … Continue reading “Cryptocurrency Markets see Momentum, as SEC Promises Review”

Why Bitcoin Prices are Stable, Despite US SEC Ruling

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Despite the US SEC decision to deny nine ETFs, Bitcoin prices are surprisingly stable. It appears bad news has been priced into the coin. We truly expected to see a sizable sell-off, but it never came.  That’s because the U.S. SEC is taking a second look at the recent decision.  In fact, according to Commissioner, … Continue reading “Why Bitcoin Prices are Stable, Despite US SEC Ruling”

Why the US SEC Predictably Denied 9 Bitcoin ETFs

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Cryptocurrencies are under pressure thanks to the U.S. SEC denial of nine Bitcoin ETFs. It rejected two ETFs by ProShares that would track Bitcoin future contracts.  It denied five inversed and leveraged ETFs from Direxion.  And it denied one from GraniteShares. The news comes as no surprise The US SEC cited failure to prevent manipulation and … Continue reading “Why the US SEC Predictably Denied 9 Bitcoin ETFs”

An Essential Cryptocurrency ETF Decision is Two Days Away

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The long-running Bitcoin ETF saga continues. In just two days, the U.S. SEC will issue its final decision on the ProShares ETF.  Fingers crossed, investors are hoping for positive news. That’s because rejection could lead to another pullback in the market. Final Deadline for ProShares ETF However, there may be a chance of approval.  This … Continue reading “An Essential Cryptocurrency ETF Decision is Two Days Away”

SEC to Rule on 9 Bitcoin (BTC) ETF’s in Next Two Months

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The Securities Exchange Commission (SEC) has let slip some big news on Bitcoin (BTC) ETF’s. These are the fabled pot of gold at the end of the rainbow for cryptocurrency enthusiasts. They signify huge adoption of digital assets when the first one becomes approved. It will allow mainstream, retail, and even institutional investors to find … Continue reading “SEC to Rule on 9 Bitcoin (BTC) ETF’s in Next Two Months”